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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?


To: Shumway who wrote (15992)2/19/1999 3:52:00 PM
From: jopawa  Read Replies (3) | Respond to of 93625
 
Looks like they're going to pin the tail on the RMBS at 70. Wonder if Morgan Stanley sold a boat load of feb 70 puts last week the day before Edelstone changed his rating to positive. They thought it was easy money until yesterday, scrambling like chickens with their heads cut off today trying to get it back to 70.

John



To: Shumway who wrote (15992)2/19/1999 4:03:00 PM
From: jopawa  Read Replies (2) | Respond to of 93625
 
71, remarkable! Looks like there were some people who pressed their short bets a bit too hard and got slaughtered.

John